Cable started to gain traction and edged higher on Wednesday morning, after the latest drop penetrated rising daily cloud (cloud top at 1.2702) but found firm ground at 1.2682 (100DMA) where dips were repeatedly rejected. Subsequent rise may generate initial bullish signal on return and close above daily cloud, though more work at the upside […]
The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in September, a tenth of a percentage point (pp) above the consensus forecast. On a twelve-month basis, CPI fell to 2.4% (from 2.5% in August). Energy prices (-1.9% m/m) were again a drag on headline inflation, almost entirely driven by a pullback in gasoline prices (-4.0% […]
The post US: Progress on Inflation Front Stalls in September, Supporting Smaller 25bps Cut in Nov appeared first on Action Forex.
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